RE:RE:RE:Bridge loan - call it like it isSorry to ask about "stale" payables again, Joe. Do you know if any of the payables were on books prior to Q3? If they've been sitting on the books for several quarters then they may look different. It's helpful to look at more than one quarterly filing for subtle things like that.
However, there's also something very obvious that needs to be considered: cost of drilling. They drilled like 50 holes for +2,000 meters, iirc. Fair amount of expense involved in that. Look forward to future quarterlies for hard numbers.
Joe, you wrote, "they should have addressed it when they had money but now they do not have money and still the payable." Couple things.
1, when did they have money? Afraid I don't follow you on that. They've had pretty limited financings over the couple years I've been following them. Sandstorm came in May 2018 for +$2M, which was a good amount. That came after $1.6M in February 2018, which was originally announced in September 2017 of "up to $1M". Extended that round twice, which is a tough situation. Anyway, it may seem like they've raised a lot but not sure how clear that is. May help to dig through financials more intensely for a couple years' quarterlies ?
2, Now they do not have money? They got $1M from warrants last week but it may be hard to say how much is left as they paid back loans from that right away. Sorry, but not having much cash is pretty normal for Aton and junior mining companies.
Shoutout Gold Standard Ventures as a well-funded exploration companies. "Strong treasury ~ C$22.6M" +250M shares out, +$1 per share. "Control of 2082 km on the Carlin Gold Trend", epic company if you're looking for a top-rated junior , https://mk0goldstandardflvma.kinstacdn.com/wp-content/uploads/2018/12/GSV-Corporate-Presentation-December-3-2018-Final.pdf